Latvians leaving creditors holding the bag

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Latvians leaving creditors holding the bag

Oct 29, 2008
From wire reports

DEBT FRET: Almost all Latvian debtors in the U.K. are under the age of 30, and over half of them are office workers.

RIGA - Hundreds of Latvians returning home from deteriorating working opportunities in the U.K. are also leaving behind a trail of unpaid bills, said Oskars Firmanis, spokesman for debt collection agency Paus Konsults. He said that these Latvians have not settled their debts with British financial institutions before disappearing for home. Firmanis said that they mostly ran up debts in the U.K. by using checking accounts and credit cards. They are in debt to companies such as HSBC Bank, the Ma ...

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